Top Insider Buy and Sell: WES, MNTA, INCY, WAG, TJX, CHKE
Wednesday, January 18, 2022 10:15 AM

As the US stocks trade mixed on Wednesday on mixed earnings results from large banks, several stocks reported heavy insider buying. Some notable stocks are discussed here.

Western Gas Partners LP (NYSE: WES) a master limited partnership organized by Anadarko Petroleum Corporation to own, operate, acquire and develop midstream energy assets, said that its 10 percent owner WGR Holdings LLC has bought 632,783 shares for an undisclosed value and at an undisclosed price on Tuesday. WES is trading lower by 0.17 percent to $39.21 a share on Wednesday.

Momenta Pharmaceuticals Inc. (Nasdaq: MNTA), a biotechnology company specializing in the characterization and process engineering of complex molecules, said that its Director S. Shapiro sold 2,000 shares for a total value of $39,000 at an average price of $219.39 a share. MNTA was down 0.61 percent to $19.46 a share.

Incyte Corp.’s (Nasdaq: INCY) director Baker Felix bought 557,000 shares for a total value of about $9 million at the price in the range of $16.29 a share to $16.55 a share. Incyte is a drug discovery and development company, focused on developing small molecule drugs to treat serious unmet medical needs. INCY is up 1.47 percent to $17.20 a share.

Walgreen Company (NYSE: WAG), a drugstore chain in the United States, said that its Vice President Pugh W. Bryan sold 1,400 shares for a total value of $46,634 at a price of $33.31 a share. WAG is trading lower by 0.15 percent to $33.15 a share.

TJX Companies Inc. (NYSE: TJX), an off-price apparel and home fashions retailer in the United States and worldwide, said that its CFO and Vice President Naylor G Jeffrey has sold 45,000 shares for a total of $2,942,735 at a price of $69.39 a share. TJX is trading higher by 0.11 percent to $66.05 a share.

Cherokee Inc. (Nasdaq: CHKE), a global marketer and manager of a portfolio of lifestyle brands it owns or represents, said that its Director Ravich Jess M has bought 10,000 shares for a total value of $107,348 at $10.73 a share. CHKE is trading higher by 0.09 percent to $10.68 a share on Wednesday.